A debt, liability or other obligation enforceable against property of a first trust is enforceable to the same extent against the property when held by the second trust after exercise of the decanting power.
§ 46-12-127 NMSA 1978
Obligations
Known as the Uniform Trust Decanting Act
The act spans §§ 46–46 (29 sections).
Laws 2016, ch. 72, § 1 -127.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.